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Dollar at 17-month high as global bond rout hits euro
SINGAPORE: The US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil prices. Investors were reeling from a steep global bond sell-off on Thursday that sent yields on benchmark US 10-year Treasuries to 5.344%, their highest since 2002, ahead of a US jobs report that could influence the near-term policy outlook. The 10-year yield was last at 5.249% in early trading on Friday while the rest of the bond market also steadied. T...
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